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[ad_1] Fed Gov. Philip Jefferson was confirmed to Federal Reserve Board of Governors’ second-ranking position with strong bipartisan support in the Senate. Anna Rose Layden/Bloomberg Philip...
[ad_1] Federal Reserve officials have maintained that the historic levels of participation in the central bank’s overnight reverse repurchase agreement facility is nothing to be concerned...
[ad_1] A table is covered in debris and tree branches after Hurricane Idalia made landfall in Horseshoe Beach, Florida, on Wednesday. Hurricane Idalia has knocked out...
[ad_1] Senate Banking Committee ranking member Tim Scott, R-S.C., and House Financial Services Committee chair Patrick McHenry, R-N.C., would be in a position to rescind...
[ad_1] Wells Fargo overcharged nearly 11,000 accounts about $26.8 million in advisory fees from 2002 to 2022, the SEC said. The problem was said to have...
[ad_1] Non-bank originator Change Lending has apparently lost a certification by the U.S. Treasury Department to issue non-qualified mortgages for underserved borrowers. The lender isn’t included...
[ad_1] House Judiciary Committee Chair Jim Jordan, R-Ohio, said in a cover letter for a subpoena to Citigroup last week that law enforcement’s use of...
[ad_1] Key findings about discrimination in home valuations are under dispute. That hasn’t stopped them from informing policy decisions. During the past two years, regulators and...
[ad_1] PNC’s securities are said to have yielded 1.73 percentage points over Treasuries, compared with early pricing discussions of 1.95 percentage points. Stefani Reynolds/Bloomberg PNC Financial Group...
[ad_1] Rohit Chopra, director of the Consumer Financial Protection Bureau said the agency is poised to propose a rule that would “ensure that modern-day data brokers...
[ad_1] A bank capital proposal issued by the Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency has many in the...
[ad_1] William Mahon, George Kozdemba and Janice Weston conspired to falsify bank records shared with the Office of the Comptroller of the Currency, according to the pleas lodged in...
[ad_1] Bank CEOs and lobbyists argue against high capital requirements not because they harm the economy, but because they reduce the size of their bonuses, writes...
[ad_1] Wells Fargo and BNP Paribas will pay millions of dollars in penalties for employees using unofficial communications like WhatsApp to conduct business as the Securities...
[ad_1] Citizens Financial, Capital One Financial and Synovus Financial are among the banks that have recently announced steps to shrink specific parts of their lending businesses....
[ad_1] The Federal Deposit Insurance Corp. ordered nonbank firm Unbanked, Inc. to cease its representations of being covered by deposit insurance Friday, one of a strong...
[ad_1] Teresa Bryce Bazemore, President and CEO of the Federal Home Loan Bank of San Francisco, announced her intention to retire after her current contract expires...
[ad_1] The Federal Deposit Insurance Corp. announced Friday night that Kansas-based Dream First Bank would be acquiring all deposits and most of the assets of...
[ad_1] “It’s not something that is pretty easy to overcome,” Regions CFO David Turner says of possible upcoming capital requirements tied to the Basel III endgame....
[ad_1] Michael Barr, vice chair for supervision at the Federal Reserve, said in a speech Tuesday that artificial intelligence in mortgage underwriting could exacerbate racial bias...